Highlights of the scheme
- This policy is designed to take care of the insurance needs of farmers associated with agriculture activities.
- This policy provides yield based crop insurance to the farmer based on his ownership rights of land and sown crop.
- It covers both the personal assets of the farmer like the dwelling & its contents (Fire), the other assets which help him in earning his livelihood such as Agricultural Pump Sets, and Agriculture Tractor owned by farmer.
- The policy also provides protection to farmer and his/her family members in case of the Accidental Death / Disablement, accidental insurance protection of farmer’s school/college going children and provisioning of education fee to the students in case of death of parent.
- Life insurance protection to the farmer and his/her family members.
- The policy will be issued for a period up to 1 year.
Scope of coverage
- All farmers eligible for crop insurance under PMFBY/WBCIS in the age 18 to 70 years will be entitled to join.
- In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one savings bank account only.
- Aadhar would be the primary KYC for the bank account.
Challenges
- It does not cover loss due consequences of war, invasion, act of foreign enemy, hostilities (whether war be declared or not) civil war, rebellion, revolution, insurrection, mutiny, military.
- This Insurance does not cover loss or damage arising from or in consequence of or contributed radioactivity from any nuclear fuel or from any nuclear waste.
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